### **Overview** Maximus International Limited (MIL) is a BSE-listed company headquartered in Vadodara, Gujarat, incorporated on December 22, 2015. It operates as a subsidiary of **Optimus Finance Limited**, an RBI-registered NBFC. MIL is a global player in the lubricants and petrochemicals sector, specializing in the manufacturing, marketing, and export of **lubricants, base oils, and specialty chemicals** for industries such as automotive, metalworking, refrigeration, electrical, and paints. The company follows a vertically integrated and geographically diversified operational model, with a strong footprint in **India, the UAE, East Africa, and expanding presence across Africa and Southeast Asia**. Its consolidated manufacturing capacity stands at **50,000 kiloliters per annum**, up from 20,000 klpa in 2022, reflecting aggressive capacity expansion. --- ### **Corporate Structure & Key Subsidiaries** MIL operates through a two-tiered structure involving wholly owned and step-down subsidiaries: #### **Wholly Owned Subsidiaries:** 1. **Maximus Global FZE (MGF)** – Based in Sharjah’s Hamriyah Free Zone, UAE - Acts as the **regional trading and logistics hub** for the Middle East and Africa. - Engages in marketing and exporting specialty, industrial, and automotive lubricants. 2. **MX Africa Limited (MXAL)** – Headquartered in Nairobi, Kenya - Serves as the **sales, marketing, and distribution arm** for East Africa. - Expanding operations across the broader African continent and beyond. #### **Step-Down Manufacturing Subsidiaries:** 1. **Maximus Lubricants LLC (MLL)** – Ras Al Khaimah, UAE - State-of-the-art facility for **blending, filling, testing, and packaging** high-performance lubricants. - Supplies to GCC, North Africa, and international markets. 2. **Quantum Lubricants (E.A.) Limited (QLL)** – Nairobi, Kenya - Key manufacturing arm in East Africa with **exclusive rights** to premium lubricant products in Uganda, Tanzania, and Rwanda. - Produces automotive, industrial, and specialty lubricants and exports to neighboring countries. --- ### **Strategic Developments (September 2025 Update)** - **Africa Expansion:** - Officially **activated distributor in Uganda**; finalizing appointment of distributor in **Tanzania**, expected to be operational by Q4 2025. - Planning to establish a **blending plant in Tanzania** once sales volumes justify investment — this will be the company’s **second manufacturing facility in East Africa**, following Kenya. - Actively exploring entry into **Ghana, Nigeria, South Africa, and Jordan** via distribution partnerships or greenfield investments. - **East African Market Growth:** - Through QLL, MIL has secured **exclusive distribution rights** in Uganda, Tanzania, and Rwanda. - Aims to achieve **>INR 100 crore in East African revenue within two years**. - Expects the East African business to be a major growth driver, supported by strong distributor networks and competitive positioning against global oil majors. - **Product Portfolio & Market Segments:** - Offers a wide range of products including: - Engine oils, gear oils, ATF - Metal working fluids, thermic fluids, refrigeration oils - Transformer oils, specialty hydraulic fluids, additives - While maintaining dominance in **bulk and barrel supplies for industrial clients**, the company is **strategically expanding into automotive retail** to boost brand visibility and consumer reach. - **Global Market Diversification:** - Pursuing new opportunities in **Southeast Asia**, with active discussions underway in **Indonesia and Bangladesh**. - Plans to **increase exports from UAE units** to **GCC nations and North Africa**, leveraging MGF’s logistical strength. - **Capacity & Capital Investment:** - Implemented a **₹25 crore expansion plan** for East Africa (2022–2025), aimed at tripling manufacturing capacity. - Manufacturing capacity increased from **20,000 klpa (2022) to 50,000 klpa (2025)**, with potential to reach **60,000 klpa** in the near term. - Focus on improving **working capital, product range, and market penetration** both domestically and internationally. --- ### **Historical Milestones** - **Jan 2020**: Acquired a manufacturing setup in UAE, enhancing in-house production capability. - **Jul 2019**: Transitioned from SME to Main Board on BSE, signaling maturity and regulatory compliance. - **2019**: Acquired Quantum Lubricants (E.A.) Ltd via MX Africa Limited, establishing direct manufacturing presence in Kenya. - **2014**: QLL established first lube oil blending plant in Africa; has since grown at **>15% CAGR** over seven years. - **Aug 2022**: Announced greenfield expansion plans for new manufacturing facility in East Africa. - **2022**: Secured **3-year supply contract worth ₹550 million** with Neo Lubritech FZ-LLC (UAE), strengthening MENA export pipeline.